Ethereum Price Analysis: July 4 - July 11

Ethereum price is continuing to fall. It is currently traded at the long-term correction peak. Is there a way for the price to go up? USDTETH. Fall in demand. The fact that Ethereum price could settle at $300 just confirms the upward trend is weak. This mark is important for growth since it was the point of the biggest offer. It wasn’t able to uphold, so obviously the supply surpassed the demand. But at the moment, the fall in demand seems to be temporary. Sharp upward impulses after sharp fall only prove that. According to Vitalik Buterin, the Ethereum network development influences the....

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Bitcoin opened July with a value of circa $640 and by the end of the month it settled at just under $590. During the month of July several events occurred that should have had an effect on the value of, what is recognized as, a volatile commodity (all currencies can be thought of as commodities in economics). During the month of July the proposed New York regulations for traders that accept bitcoins, as well as those that store them, were announced (BitLicense). This announcement happened on July 17th, yet the Bitcoin value remained stable until July 20th. Why did the market not act on....

You could hear a pin drop at the recent Toronto DEC_TECH conference as Vitalik Buterin told a standing-room-only crowd about his remarkable journey to build Ethereum - a decentralized open source peer-to-peer web-based platform - that he calls "the foundational platform for everything." Buterin has been called a "crypto-anarchist visionary," and at the age of 21 he has already beat out Facebook's Mark Zuckerberg to win the World Technology Prize for software development and invented the Ethereum blockchain. At the DEC_TECH event, Buterin shared his "Launch Roadmap" for the release of....

Monacoin-the so-called "Japanese Dogecoin" -took the altcoin markets by storm during July. As the Monacoin price increased, the coin shot up the market cap charts. Unfortunately, Monacoin fell prey to a pump and dump-a fate few altcoins have avoided. Now, five months later, it appears the Monacoin price is finally reaching a point of relative stability. Also read: Monacoin Price Has Terrible Week. Monacoin Price Stabilizing. Monacoin launched on January 1, 2014, but it flew under the radar for the first half of the year. However, people began to take notice of Monacoin during mid-July, and....

The Ethereum project has returned to its $1 bln market value fold after the reset Thursday, July 21. It is an aftermath effect of the hard fork to recover the stolen funds by a hack of the DAO platform.
Ethereum getting better.
The hard fork was reported completed on Wednesday July 20 with several congratulatory messages pouring in. Vitalik Buterin stated in a blog post:
“Block 1920000 contained the execution of an irregular state change which transferred ~12 million ETH from the “Dark DAO” and “Whitehat DAO” contracts into the WithdrawDAO recovery....

BTC price at press time: US$271.39. The fiestas of San Fermin are celebrated in Pamplona, Spain every year from July 6-14. The event has become internationally renowned because of the running of the bulls, where the bulls try to gore wanna-be matadors through the streets of the city's old quarter. Meanwhile, Bitcoin, too, is experiencing a bull run and as of this writing has broken through the 200 day EMA, the last big hurdle in its way. “The price reached a high of ~US$252 and has now come down to ~US$249 and thus far the price has been consolidating above these two moving averages, which....

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We've been a strong supporter of Bitcoin for a number of years as it allows overseas transactions with less fees and exchange rate fluctuations.